American Express Bank, the banking arm of the credit card company American Express, is advertising a High Yield Savings Account that has one of the best savings account rates available today. American Express Bank’s current high yield savings account rate is 1.29% with an annual percentage yield of 1.30%.

American Express Bank’s high yield savings account rate beats most savings account rates from banks and credit unions. American Express Bank’s savings rate is almost 5 times the current national average savings account rate of 0.26% for account balances of at least $2,500.

For more information about American Express’ High Yield Savings Account and to open an account visit: American Express High Yield Savings.

American Express Bank’s savings account has interest compoundend daily and credited to your savings account account monthly. American Express also advertises certificates of deposit that currently have some of the best CD rates available today.  

American Express Bank’s savings accounts and certificates of deposit are insured by the FDIC for up to $250,000. The recent change to FDIC insurance limits (Dodd-Frank Wall Street Reform and Consumer Protection Act) permanently raises the current standard maximum deposit insurance amount to $250,000.

Open an American Express Bank High Yield Savings Account here: American Express High Yield Savings.